Greece plans 10% crypto gains tax with €500 annual exemption, draft law could reach Parliament in November

Greece is preparing to tax individual crypto gains at 10%, with the first €500 a year exempt, according to a draft law that could go to Parliament as early as November 2026.

The proposal is still open to public consultation, and key details on taxable events, loss treatment and how gains are calculated have not been published.

Greece Crypto Tax proposal introduces a 10% levy

The proposed legislation would apply a 10% tax to individual cryptocurrency capital gains, with an annual exemption covering the first €500 in gains.

Under the reported framework, qualifying gains below that threshold would not be subject to the proposed levy. The available information, however, does not establish whether the exemption would apply to all categories of cryptocurrency transactions or whether specific conditions would govern eligibility.

The proposed rate has been described as lower than those applied in several neighbouring European countries. Nevertheless, comparisons between national tax systems depend on more than headline rates, including exemptions, deductible costs, reporting obligations and the treatment of different types of investment income.

For individuals holding Bitcoin, Ether or other digital assets, the distinction between a proposed tax rate and an enacted obligation is particularly important. The draft remains open to consultation, meaning its provisions could change before lawmakers approve a final version.

The Greece Crypto Tax framework also leaves important practical questions unanswered. The supplied reporting does not establish how the authorities would define taxable events, calculate gains across multiple transactions or account for losses incurred during a tax year.

These details could influence how the legislation affects investors with different trading strategies.

For example, investors who make occasional disposals may face different administrative considerations from those who regularly trade multiple digital assets. The final treatment of transaction costs, acquisition prices and losses could also affect the amount of taxable gains.

Until the draft’s provisions are verified and formally adopted, investors should avoid assuming that any particular transaction will receive a specific tax treatment.

EU crypto reporting rules add another compliance layer

Greece’s proposed tax legislation is developing alongside broader European efforts to strengthen cryptocurrency tax reporting.

The European Union’s Directive on Administrative Cooperation, known as DAC8, introduces reporting obligations for crypto-asset service providers and expands the exchange of tax-related information between participating jurisdictions.

Under the framework described in the original report, service providers must begin collecting information on EU users’ crypto transactions from January 1, 2026. The first cross-border exchanges covering activity during 2026 are due by September 30, 2027.

DAC8 is designed to improve tax transparency by helping national authorities obtain information about cryptocurrency activity. It does not, however, establish a uniform capital gains tax rate for every EU member state.

That distinction matters for investors following the Greece Crypto Tax proposal. European reporting requirements and national tax legislation address related but separate issues.

DAC8 concerns the collection and exchange of information, while Greece’s proposed 10% levy would determine how certain individual capital gains are taxed under national law if the legislation is enacted.

Consequently, compliance with reporting requirements would not, by itself, settle an investor’s tax liability under the proposed Greek framework.

The distinction also means that investors may need to consider both reporting obligations and the tax rules applicable to their transactions. The precise requirements would depend on the final Greek legislation and the rules governing the relevant services and activities.

Other jurisdictions are developing similar reporting arrangements. The United Kingdom, for example, is expanding its cryptocurrency reporting framework through measures associated with the Cryptoasset Reporting Framework, or CARF.

These developments reflect a wider international focus on obtaining more comprehensive information about digital asset ownership and transactions.

However, the reporting regimes adopted elsewhere do not determine the final terms of Greece’s proposed tax legislation.

Greece Crypto Tax legislation could reach Parliament in November

Public consultation is the next stage identified in the available reporting on the proposed Greek tax framework.

Following that process, the draft could reach Parliament as early as November 2026. The timeline remains tentative, and a possible submission should not be interpreted as confirmation of a scheduled parliamentary vote or a guarantee that the legislation will pass without amendments.

Consultation could provide an opportunity for the draft to be reviewed before lawmakers consider its provisions. The proposed rate, annual exemption and rules governing taxable transactions could therefore change before enactment.

For investors, the immediate question is not simply whether Greece will introduce a 10% cryptocurrency capital gains tax, but how the final legislation will define the income covered and calculate the amount owed.

The Greece Crypto Tax proposal currently provides two central figures: a proposed 10% rate on individual crypto capital gains and a reported €500 annual exemption.

Beyond those headline provisions, the available information does not establish the complete calculation methodology or the treatment of every possible transaction.

Investors should therefore distinguish between the framework described in the draft and rules that have been formally enacted. Any decisions about tax reporting or investment activity should take account of the final legislation once its provisions are confirmed.

The proposal could give cryptocurrency investors in Greece a clearer starting point for assessing their potential tax obligations. Its practical significance, however, will depend on the details ultimately approved by lawmakers.

Until then, the Greece Crypto Tax remains a proposed framework rather than an established tax obligation under the legislation described in the original report.

The next significant developments will be the outcome of public consultation, the possible submission of the draft to Parliament and any changes to its provisions before enactment.